Items that bring in money for the government tend to be linked to the RPI figure, which is usually higher than the CPI figure. Consumer costs that increase in line with the RPI include car tax, tobacco duty, alcohol duty and interest on student loans. Some mobile phone tariffs and train ...
Although RPI is now considered a legacy measure of inflation, it behoves business leaders to keep track of both the RPI and CPI. Both are used to track inflation using slightly different data. As such, RPI tends to calculate a higher rate of inflation than the CPI. For instance, in May...
Although RPI is now considered a legacy measure of inflation, it behoves business leaders to keep track of both the RPI and CPI. Both are used to track inflation using slightly different data. As such, RPI tends to calculate a higher rate of inflation than the CPI. For instance, in May...
Pension schemes and the CPI/RPI switch - what does it mean?Jill Clucas
If the CPI is 3%, it means that the prices of goods and services we pay for, on average, are 3% higher than they were one year ago. In other words, if they cost $100 a year ago, they would cost $103 now. Why is inflation so important?
term Bank of England CPI target, plus the long-term RPI–CPI wedge as stated by the Office for Budget Responsibility (OBR). The wedge used is 0.5% up to 2010, 0.7% up to 2015 and 1% thereafter. For the years before the Bank of England started targeting CPI, we use a 2.5...
If the CPI is 3%, it means that on average, the price of goods and services is three percent higher than it was one year ago, i.e. we would need to spend three percent more to purchase the same things we bought one year ago. ...
The inflation rate is the rate at which the general price level increases over time. There are two main measures of inflation - CPI and RPI. CPI (the...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask...
Since the CPI was introduced, the measurement of 12-month inflation in the U.K. has generally been higher when measured by the RPI, as compared to the CPI. The difference arises because the RPI includes several items excluded in the CPI, and vice versa. Secondly, the two indicators measure...
Whether it is compliance with the new data protection regime, grappling with the detail on CPI / RPI or thinking about the bigger picture on Brexit, 2018 looks set to be both busy and challenging. To keep you ahead of the conversation, Gowling WLG's pens